UNEP says green transition threatened amid shrinking adaptation financing

NAIROBI, Nov. 2 (Xinhua) -- Humanity's ability to cope with the unfolding climatic crisis is at stake as financing required to boost adaptation stagnates, said the United Nations Environment Program (UNEP) in a new report launched Thursday in the Kenyan capital, Nairobi.

The UNEP's Adaptation Gap Report 2023, titled "Underfinanced. Underprepared-Inadequate investment and planning on climate adaptation leaves the world exposed," says the adaptation finance gap currently ranges from 194 billion to 366 billion U.S. dollars annually.